XRP surged 55.8% in a week, outperforming Bitcoin's 47.5% and Ethereum's 33.4% monthly gains.
XRP's price, at $1.53, remains 150.21% below its $3.84 ATH, signaling significant growth potential.
Experts predict XRP/ETH could rise 246% by 2025, with a $2 price target seen as a key milestone.
XRP has captured significant attention this week, recording an impressive 55.8% increase in value. This surge has surpassed the performance of other major cryptocurrencies, including Bitcoin, Ethereum, Solana, BNB, Dogecoin, and Cardano. Crypto analysts are closely monitoring this momentum, with many highlighting its potential implications for XRP’s future market position.
https://twitter.com/CredibleCrypto/status/1859581839637446946
XRP’s Recent Performance Stands Out
Over the past month, XRP has gained an astonishing 194.5%. This remarkable growth outshines Bitcoin’s 47.5% increase and Ethereum’s 33.4% rise during the same period. Bitcoin recently reached a historic high of $98,454.31, a 35% increase above its previous all-time high of $73,000.
However, Bitcoin's progress has since slowed, with a marginal 0.56% gain yesterday. Ethereum has also struggled to regain its peak, currently priced at $3,360.19—21.09% below its yearly high of $4,065.40 and 43.17% below its all-time high of $4,810.81. In contrast, XRP’s current price of $1.53 leaves it with significantly more room for potential growth, as it is still 150.21% below its all-time high of $3.84.
Key Observations on XRP’s Potential Growth
Furthermore, Crypto expert CrediBULL Crypto has made an optimistic prediction, suggesting that XRP could achieve a new all-time high sooner than anticipated. While the exact timeline remains uncertain, this outlook has increased enthusiasm among XRP supporters.
Notably, an observation involves the XRP/ETH trading pair, which recently retested a four-year range. XRP dropped below this range in April 2024 but re-entered it in July. Currently, XRP/ETH is 160.4% above the lower end of the range, with the upper boundary still 181.47% higher than the current price. According to CrediBULL’s analysis, this trading pair could rise by 246% by 2025, highlighting the significant growth potential for XRP in the coming years.
Therefore, the next key milestone for XRP is breaking through the $2 mark. Analysts view this level as crucial for XRP’s progression toward a new all-time high. Recent performance and market sentiment suggest that XRP is on track for further upward movement. The cryptocurrency’s ability to outpace Bitcoin and Ethereum underscores its unique position in the market.
The post XRP Price Set to Reach ATH Soon, 250% Surge Against ETH Predicted appeared first on Crypto News Land.
